NZDUSD Price Analysis

Expected Scenario

• The NZDUSD price shows more bullish bias to reach 0.6070$, waiting to breach this level to confirm extending the bullish wave towards 0.6140$ as a next target, to continue suggesting the bullish trend for today conditioned by the price stability above 0.6000$ and 0.5980$ levels.

Expected Trading Range

Between 0.6100$ support and 0.6110$ resistance

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price achieved initial breach to 0.6640$ and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for today, as it begins the attempts to activate the positive effect of the inverted head and shoulders’ pattern that appears on the chart, which targets 0.6728$ followed by 0.6800$ mainly.
• Therefore, our bullish overview will remain valid, noting that failing to consolidate above 0.6640$ will push the price to decline towards 0.6570$ areas before any new attempt to rise.

Expected Trading Range

Between 0.6600$ support and 0.6700$ resistance

Brent Oil Price Analysis

Expected Scenario

• Brent oil price settles within a tight range above 83.00$ barrier, waiting to resume the bullish bias to test 84.77$ that represents the expected target of the bullish wave for today, to continue suggesting the intraday bullish trend, supported by stochastic positivity, reminding you that breaking 82.40$ will push the price to decline again to resume the correctional bearish track that targets 80.08$ areas as the next main station.

Expected Trading Range

Between 82.00$ support and 85.00$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price fluctuates within a tight range since morning, settling around 78.50$, and we are still waiting to achieve intraday gains to test 79.60$ before any new attempt to decline.
• On the other hand, we should note that breaking 77.64$ will stop the positive possibility and push the price to resume the main bearish track without the need for the suggested rise, to head towards targeting 75.25$ areas as the next main station.

Expected Trading Range

Between 76.80$ support and 80.00$ resistance